The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gabelli Misses Earnings; No Word Yet on Gates Deal Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, July 30, 2004

Gabelli Misses Earnings; No Word Yet on Gates Deal

Reported by Theresa Sim

Gabelli Asset Management reported second quarter earnings of $0.46 per diluted share, less than the $0.53 predicted by analysts.

Total assets under management were $28.2 billion, unchanged from the first quarter. Total mutual fund assets were $13.2 billion, a drop of 2.8 percent from $13.6 billion at the end of March.

Falling Down
Mutual Fund Assets 6/30/2004 3/31/2004 % Change
Open end 7,852 8,106 -3.1%
Closed end 3,764 3,739 0.7%
Fixed income 1,563 1,717 -9.0%
Total 13,179 13,562 -2.8%
Source: Gabelli earnings release
In other news in the second quarter, Gabelli began offering shares of a new Global Utility & Income Trust fund in late May. The closed-end fund began trading on the American Stock Exchange on May 26th; gross proceeds from the offering were $58 million.

The company announced in mid-July that Bill Gates' personal investment firm had an August 5th-expiring put option worth five percent of Gabelli. Michael Anastasio, Gabelli's chief accounting officer, confirmed that Gabelli is still continuing negotiations to extend the notice period. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use